If you are a client of Monnos’ services or just visiting our website, this Policy applies to you. Please, read this carefully.
Monnos aims to simplify the use of Crypto by bringing usability to it, blending Exchange and Wallet functionality into a one solution at your mobile.
1. Our Responsibilities
We act as a “Data Controller” (for GDPR) or as a “Controlador” (for LGPD) of your personal data, if you are a client or a visitor to our website. This means that we determine how and for what purpose your data will be processed. We are registered as a Data Controller before the Federal Data Protection and Information Commissioner (FDPIC).
2. Your responsibilities
Monnos is a business service directed to and intended for use only by those who are 18 years of age or over. We do not aim at children, and we do not knowingly collect any personal data from any person under 18 years of age.
4. Location of the services offered
4.1. If you are a client or a visitor located in Europe, this policy applies, as well the specific sections regarding the European legislation, i.e., the General Data Protection Regulation (GDPR).
4.2. If you are a client or a visitor located in Brazil, this policy applies, as well as the specific sections regarding the Brazilian Data Protection Legislation (Lei Geral de Proteção de Dados – LGPD).
5. How and when we collect your data
We might collect data directly from you, specially if you are a client and agreed with the contract between us for the purposes of the services you agreed with us to be provided at our APP. We may also collect information automatically, in case you browse our website or when we send an e-mail to you.
5.1. For the services we provide to you, in case you choose to enroll to our website and our services, we will collect your data to execute the contract between us and to create your registry, and also to comply with anti- money laundering and similar legislation.
6. Types of data we collect
we collect and/or receive from you your contact information, financial information, and other data, as follows.
a. Contact information: The information that we collect depends of how big is the amount of crypto or Fiat money that you will use at our platform, but it will include at least your name, date of birth, address, e-mail, telephone number, identity’s number, declaration of being or not a Politically Exposed Person.
b. Financial information: Your bank account number. The credit card details will be checked by our partner (COINIFY – https://coinify.com/), we will never store it. We might also request other information in accordance with our PLD program. We might also ask for further information, for security purposes, so as to prevent fraud and for risk of credit assessment.
c. Other data we collect or receive from you: Login information, IP address, geolocation information, time zone setting, operating system and version, type of browser and version, browser plug-in types. We also collect on how you use our website, such as the pages your visit and the paths you take, what do you do in each page, how long you stay in each page, services viewed, and other actions.
7. Sensitive data
We do not collect sensitive data from you. For Europe and the GDPR, sensitive data means: racial or ethnic origin, political opinions, religious or philosophical beliefs, trade union membership, genetic data, biometric data, health data, data about your sexual life or orientation, and offences or alleged offences.
8. How we use your data and for what purpose
Both GDPR and LGPD data protection legislations determines that we can only use your data for a specific purpose and when Monnos have a legal basis to do so. Therefore, we present below the purpose behind why we collect your data.
a. Providing our services: Processing your data to provide the services you are agreeing with us and at your request. Legal basis: Contract.
b. Your Registry (KYC – know your client – procedure): Collecting and processing your data is necessary to comply with our Compliance and KYC procedure. Your data may be shared with the appropriate authorities to comply with anti-money laundering and similar legislations. Legal basis: Legitimate Interest (Fraud Prevention – GDPR) / Legal Obligation / Credit Protection (LGPD).
c. Assisting you (Customer Support): Solving issues by e-mail, phone or chat, interacting with you to notify any changes to our services or any bug fixing. Legal basis: Contract.
d. Marketing: E-mails and messages sent to you with content related to your services and also about new services, products or features. Legal basis: “Legitimate Interest” (Legítimo Interesse).
e. Improving our website and services: Testing features, traffic optimization, managing pages of our website, heat map of our website, data analysis and research, including profiling and the use of machine learning and other techniques over your data and in some cases using third parties to do this. Legal basis: Contract
9. Legal basis
Besides the specific purpose, we must have also a legal basis to collect and process your data. Thus, you can find below the hypothesis under which processing your data for the purposes we are informing you is legal.
a. Contract: When processing your data is necessary for a contract you have with us, or because we have asked you specific information to complete your registry with us before agreeing with the contract.
b. Legal Obligation: Processing your data is necessary because a law or regulation demands we do so.
d. Legitimate Interest: Processing your data is necessary for our legitimate interests or the legitimate interests of a third party, but only if we balance them with your rights and interest. It includes the actions we listed above in Improving our website, services and Marketing and also fraud prevention and the security of our services.
You can exercise your rights by sending us an email at email@example.com or firstname.lastname@example.org and/or email@example.com or by accessing your registry in our APP, as we describe below.
11.1. You have the right to confirm we have data about you, to access and be informed about what information (if any) we have about you, and you can also ask us more information about:
a. The purposes of the processing of your data.
b. The categories of data being processed.
c. Third parties to whom the data may be shared or transferred.
d. How long your data will be stored (or the basis we used to determine how long we will store it).
e. The other rights you may have including those listed in this section.
11.2 You also have the following rights:
a. Right to update or correct your information within us, accessing your registry page in our website to change, updating or correcting any information. If you are not able to do so, please contact us by e-mail (firstname.lastname@example.org or email@example.com and firstname.lastname@example.org).
b. Right to oppose to the use of your data for direct marketing, by opting-out on your registry page in our
c. Right to have a copy of your data in so that you can provide it to another service (portability).
d. Right to delete your data (right to be forgotten), asking us to erase any personal data we hold about you. Your information can be deleted if we do not have to maintain such information for the purposes of the services you have with us (e.g. we might have to keep your data to comply with a specific legislation). Please contact us by e-mail (email@example.com or firstname.lastname@example.org and email@example.com.
e. Right to file a complaint. We kindly ask that you contact us in order to handle any problems you might have. If we fail to address your concern, you can file a complaint to the Federal Data Protection and Information Commissioner (FDPIC), either by e-mail or calling them on Tel. +41 (0)58 462 43 95 (from Monday to Friday from 10am to 12pm) or as directed on their website at https://www.edoeb.admin.ch/edoeb/en/home/the- fdpic/contact.html.
11.3 We will provide you with the information of your request as soon as we can, respecting the 30 days term for persons located inside European territory as provided for under the European legislation. We will let you know the reasons in case we cannot respond to your request.
11.4 We may inform you that additional time is necessary, in case the request is complex. It may also take more time to completely respond to you if that could significantly impact the rights and freedoms of other people.
12. Where do we store and process your data
12.1 Your data is also processed by third parties in the data processing facilities identified below (Third Parties We
• JUMIO (Palo Alto – USA) – Responsible of the flow of the Onboarding Digital;
• AWS (Amazon Web Services) – Responsible for our cloud;
• DIGITAL OCEAN (New York – USA) – Responsável pelo nosso cloud;
• RD STATION (Florianópolis – Brazil) – email management;
• ZENDESK (San Francisco – USA) – Chat management;
• COINIFY (Herlev – Dinamarca) – Credit Card and Bank Transfer for EUROPE.
12.2 By registering with us and sending your personal data, you agree to the processing, transfer or storing done by
13. How long do we store your data
Also, we will delete your personal data from our files after 5 years from the last time you used our services or as agreed with you in the service contract. We will also delete your data if you request us to do so, as described above and unless no other reason exists.
14. How secure is the data we collect
We have physical and electronic procedures to safeguard and keep the information we collect safe, and that includes internal politics. Also, you are responsible for securely keeping your login, password and other information needed to access this website. In case you have reason to believe that your data has been exposed, please contact us by e-mail, on firstname.lastname@example.org, email@example.com or firstname.lastname@example.org.
15. Third Parties We Work With
As any other digital service provider, we use other companies to assist us with specific tasks, such as hosting the website, marketing, storing information, sending e-mails, etc. By using them, we might share some of your data to perform specific tasks, for the purposes we described above (How we use your data and for what purpose). That means that we only share the information that is necessary for them to do their job and for the tasks we ask them to do, following the policies of Monnos.
15.1 In case of third parties located outside the EEA (or Brazil, as applicable), we use the same security level, as explained above (Where do we store and process your data). In case the company we share is located in the United States of America (USA), we make our reasonable efforts to ensure that the organisation in question has a current certification with the EU-U.S. and Swiss-U.S. Privacy Shield Frameworks administered by the U.S. Department of Commerce’s International Trade Administration (ITA).
Cookies are used to collect information about how you use and interact with a website. There are two type of cookies. The session cookies, that last during the session and self delete when you leave the webpage. The persistent cookies do not delete themselves, but help a website recognise you when you come back, to improve your experience.
16.2 As we mentioned above (Options and Rights), you have the option to change your browser settings to block the cookies and you can also delete the cookies. By disabling the cookies, some pages or part of the website may not work properly.
TERMS AND CONDITIONS OF USE OF THE MONNOS PLATFORM
Last Update April 20, 2020
READ WITH ATTENTION
THE MONNOS PLATFORM IS NOT A DISTRIBUTOR OF SECURITIES. THEREFORE, NO TOKEN MIRRORED IN THE PLATFORM REPRESENTS EQUITY, COLLECTIVE INVESTMENT CONTRACTS, TRANSFERABLE SECURITY OR ANY OTHER TYPE OF ASSETS CONSIDERED SECURITIES.
ALL STRATEGIES FOR EXCHANGING CRYPTOGRAPHED ASSETS ARE THE SOLE AND EXCLUSIVE RESPONSIBILITY OF THE USER. YOU SHOULD NOT START EXCHANGES IF YOU DO NOT UNDERSTAND THE RISKS INVOLVING THE NATURE OF THESE TRANSACTIONS.
THE PRODUCTS AND SERVICES OF OUR PLATFORM ARE NOT OFFERED FOR USE IN THE UNITED STATES OF AMERICA, ITS TERRITORIES OR POSSESSIONS, INCLUDING ANY PERSON IN THE UNITED STATES OF AMERICA, CITIZENS OF THE UNITED STATES OF AMERICA, PERMANENT RESIDENTS OF THE AMERICAS, GREEN CARDS HOLDERS) AND COMPANIES ESTABLISHED IN ACCORDANCE WITH THE LAWS OF THE UNITED STATES OF AMERICA OR ANY PERSON RECOGNIZED AS ‘US PERSON’ UNDER RULE 902 (K) (1) REGULATION ‘S’, OF THE UNITED STATES OF AMERICA.
ADDITIONALLY, THE AVAILABLE PRODUCTS AND SERVICES ARE NOT OFFERED FOR USE IN ANY COUNTRY OR JURISDICTION OR FOR ANY PERSON IN WHICH THE USE OF THE SERVICES OFFERED BY MONNOS CONSTITUTES A VIOLATION OF THE LAW OR NEEDS A SPECIAL AUTHORIZATION AUTHORIZATION THAT DOES NOT DISCLAIM.
THE PRODUCTS AND SERVICES OFFERED BY MONNOS ARE ONLY AVAILABLE FOR THOSE WHO HAVE THE DUE CAPACITY, POWERS OR LICENSES TO ENJOY THEIR FUNCTIONS, WHEN YOU REGISTER WITH MONNOS YOU DECLARE ALL YOUR LEGAL REQUIREMENTS FOR YOUR LEGAL REQUIREMENTS. ENJOYING A LEGAL AND UNMISSED WAY OF MONNOS ‘SERVICES AND PRODUCTS.
These Terms and Conditions of Use (“Term” or “Terms”) govern access and use by Users (“User” or “You”) of the Monnos Platform. The Platform is maintained by the company Kryeg Solucoes Digitais EIRELI (trade name: MONNOS), a company created under the laws of Brazil, registered with the CNPJ under number 31.238.023 / 0001-62 (“Monnos”, “our” or “our”) ).
1.1 By use, it means access to the Monnos Platform through the website https://monnos.com and https://monnos.com.br, as well as through the applications (“Apps”) for Monnos iOS or Android phones (together, “Platform”), effected through registration in the respective virtual environments.
1.2 Monnos offers its Users an intermediation platform for crypto purchase and sale operations. Through the Platform, the User has access to competitive prices in the global market, being integrated to several exchanges, through the Exchange Hub system. Also on the Monnos Platform it is possible to access other features, described in item 7.
1.2.1 Monnos neither buys nor sells crypto, allowing on its Platform the approximation between Users, who can sell and buy digital assets, according to their preferences. In addition, other features described in item 7 are offered.
1.3 Monnos does not offer its services in jurisdictions where such distribution, publication or use would be contrary to the law or regulatory provisions, or even where Monnos does not have the necessary registration or license necessary to operate. Individuals or legal entities subject to these prohibitions, whether due to their nationality, their place of residence or for other reasons, should not access or use the Platform.
By agreeing to these Terms, the User confirms that he is over the age of 18 or has the age of majority under the laws of his State of residence and / or nationality, having full civil capacity to be a party and adhere to these Terms.
The Terms may, at any time, be changed by Monnos, due to (i) legislative updates, (ii) in services, (iii) in technology, (iv) in Monnos’ internal policy, by (v) change in the framework of the Monnos economic group or as a result of other corporate issues that imply modification of the subject service providers or holders of intellectual property necessary for the provision of Monnos services, as well as in the face of any other issues that affect the legal relationship between Monnos and its Users. The Terms may also be modified at Monnos’ convenience at any time. The User will be notified of updates within the Platform. If the Platform continues to be used after the date of modification, amendments to the Terms are deemed accepted. If the User does not agree with the changes made to these Terms, he must stop using the Monnos Platform immediately.
6. Money Laundering Prevention and Terrorism Financing Policy
Monnos Users must complete a form according to the value of their transactions and the source of their funds, committing themselves to answer questions for the Monnos team whenever requested.
6.1. The User undertakes to provide true, current and complete information and undertakes to always keep it updated.
6.2. Monnos is not responsable for the information provided by each User, such information being provided under the User’s sole responsability.
6.3. The provision of false information or the misuse of third party data in your own name is a crime. In any of these cases, Monnos may suspend or permanently cancel the access of the User in question to all the services and features of the Platform, without prior notification and without prejudice to other measures that are ensured by the legislation in force.
6.4. Monnos may, at its sole discretion, request additional documents and information to confirm or maintain access for any User. If Monnos decides to exercise this power in relation to any User, that User’s access may be suspended or definitively canceled if that User refuses to provide the information or to send the required documents or, if it is found, from the analysis of such information and documents, that the User has entered false or incomplete information.
6.6. Monnos reserves the right to unilaterally terminate the relationship with its Users, suspending access to the Platform, due to commercial disinterest, subject
to prior notification within a minimum of three business days and other measures necessary to prevent damage to the User.
Monnos will present Users with an integrated interface with several intermediaries that buy and sell cryptocurrencies or other digital assets based on blockchain technology (“Exchange Hub”). In addition to the approximation between Users who buy and sell crypto, it is still possible to take advantage of the Wallets, Sync Strategy and Crypto Saving Account features, defined, respectively, in items 7.1, 7.2 and 7.3.
7.1 Wallets. The Platform allows Users to create one or more portfolios or wallets, according to their strategies. The User can compose their portfolios with the cryptographs of their choice that are available for trading. Each of the wallets created by the User can contain an unlimited amount of cryptocurrencies, choosing a base currency for presentation of the consolidated balance.
7.2. Sync Strategy. Every wallet is born private (“private”), that is, visible only to its owner, and Users can modify it whenever they want the status of their wallets to be public (“public”).
7.2.1. When a wallet is born, it goes through category indexing, ranking and reputation algorithms, when this data is made public, these data are also published.
7.2.2. When selecting the public wallet mode, the User agrees that other Users can follow their strategies (“followers”) and defines an amount to be charged per follower. The follower accepts the fee the moment it starts to follow a strategy (“subscription”). Monnos gets 20% of the fee charged.
7.2.3. When choosing to follow a strategy, the User agrees and declares to be aware that all the movements of the strategy owner will be carried out automatically in his Wallet, in the selected proportion. In addition, it declares to be aware of the risks involved in any allocation of crypto assets, and assumes sole responsibility for any loss of the amounts invested.
7.2.4. The User, when choosing to subscribe, is aware that costs will be incurred in the transactions made by the owner of the portfolio and that these values will be divided proportionately between both, User and owner of the Strategy.
7.3. Crypto saving account. When choosing to use the platform, the option “Crypto saving account” will be automatically activated, thus, the User authorizes and declares to be aware of the following:
7.3.1. The User, as a lender and legitimate owner of the crypto assets available on the Monnos Platform, agrees to lend to Monnos, for an indefinite period (while
using the platform), the total assets he has, whenever Monnos realizes the possibility of using the “Crypto saving account” application.
7.3.2. During the loan period, Monnos, in case of gains, will gratify the User in a pre-defined percentage, on the Platform, weekly, without any guarantee of fixed or variable return, in the case of a random result contract.
7.3.3. The User can withdraw from the loan, withdrawing their values from the Platform, at any time.
7.3.4. In the absence of an express withdrawal of funds, if the User continues to make his crypto assets available on the Monnos Platform, the loan will be considered effective during the application of the ‘Crypto saving account’, and will produce all its normal effects.
7.3.5. Monnos undertakes to return to the User, whenever requested, the balance of virtual currencies present in the requesting User’s portfolio at the time of the order, plus compensation, if any, deducting the fees corresponding to the operations carried out.
7.3.6. The availability of the balances borrowed from Monnos will occur as follows: (i) after the express withdrawal manifest, Monnos delivers the borrowed crypto assets within 48 (forty-eight) hours; (ii) the additional amounts will be made available weekly, regardless of the redemption request, including residuals, if any, after the withdrawal manifestation.
8. Monnos Token
Monnos issues its own tokens within the Platform to its Users. The issuing of such tokens occurs in specific situations. The chances of issuing the Monnos Token, together with the incentive forecasts for using the Monnos Token within the Monnos Platform, are as follows:
8.1. Bonus Program / Use and Earn. The User participates in a reward system for use. The User can earn Monnos tokens with all the amount spent on the Platform. The amount of tokens received varies according to a dynamic mathematical formula, which has as one of its variables the amount spent on exchanges within the platform. The User does not earn Monnos tokens when payment is made with the Monnos token itself. This bonus will be available under strategic evaluation by Monnos.
8.2. Discounted Payment Made with Monnos Tokens. Users who pay for services offered by the Platform with Monnos tokens earn a discount on the payment for these services. These discounts will be defined by the Monnos team at any time;
8.2.1. Monnos Actions and Promotions. Monnos will launch, at any time, actions and promotions aimed at Users who accumulate Monnos tokens and that make use of certain functionalities that may be aligned with the company’s growth strategy.
In order to encourage the use of the Platform and the creation of a community around the product, Monnos will carry out a referral policy. The Monnos User who makes an indication will earn a dynamic percentage defined by Monnos according to its strategy and for the period that it determines. These percentages will apply to fees charged on trade movements and subscriptions made by the indicated Users.
10. Fees and Commissions
The download of the App and access to the Platform are free. Fees will be charged for the use of certain features within the Platform, the amounts of which are provided here: Click here to see Monnos conditions.
10.1. Updates. The entire Monnos pricing policy may be revalued, updated and adjusted at the sole discretion of the Monnos team. Policy changes and price adjustments and updates will be duly communicated on the Platform. If you do not agree with the changes in the pricing policy or the adjustments and updates, you should stop using the Monnos Platform.
11. Risks associated with using the Platform
The User, by agreeing to these Terms, declares to be aware of the risks involving the option to apply his cryptography in the Sync Strategy function, in operations involving the Crypto saving account and other options available on the Platform, assuming responsibility for any losses arising from such options made, in accordance with the provisions of item 12.
12. Limitation of Liability and User Obligations
Monnos indicates that the activities carried out on the Platform are considered to be extremely high-risk activities, implying the acceptance, by the User, of the possibility of financial losses due to the manipulation of cryptocurrencies and other digital assets based on blockchain technology through the use of the Platform. When using the Platform the User is aware of the risks that the use of cryptocurrencies implies. Monnos is not responsible for any losses caused as a result of speculative activities performed by the User in relation to the cryptocurrency market, even if such activities are carried out through or through the Platform. Monnos is also not responsible for any losses in the total amount of cryptocurrencies of the User arising from an act of third party, self-putting at risk, in case of force majeure, or for the risks inherent in the application of cryptocurrencies in the Sync Strategy option or any other functionality speculative market and / or due to the options that the User selects on the Platform. The User declares that the risks involving the applications are known to him and are outside the scope of Monnos’ activities. The User can question difficulties of technical and technological origin via the Customer Service System (SAC) or by contacting them directly via email provided on the Platforms. IN NO EVENT SHALL MONNOS BE LIABLE FOR ANY LOSSES, DAMAGES, LOSSES OR LOST PROFITS THAT THE USER MAY RESULT DUE TO NEGOTIATIONS CARRIED OUT OR NOT CARRIED OUT THROUGH THE PLATFORM.
12.1. Monnos is not responsible for any errors made by the User when registering his bank details or wallet address.
12.2. Monnos is committed to making the best efforts to connect to Exchange platforms with a high degree of security, transparency and trust. However, Monnos is not responsible for any losses resulting from failures, errors or any other types of acts or facts occurred by or from exchanges linked to the Platform, whether related to functionality as well as civil and / or criminal responsibilities.
12.3. The Platform’s services are subject to interruptions, delays and problems inherent in the use of the Internet. Monnos will not be responsible for any of these interruptions, delays or problems, or for any defects or limitations of the equipment or the navigation program used by Users, or for any defects or limitations of the services providing access or access infrastructure to the Internet. Internet hired by Users. Monnos will also not be responsible for any virus that could attack the User’s equipment as a result of accessing, using or browsing the Internet or as a result of the transfer of data, files, images, text or audio.
12.4. Monnos does not act and cannot act as a consultant, including in financial, legal, investment, insurance and / or tax matters. Any information provided by Monnos or obtained through the Platform’s functionalities is considered general information and does not replace consultation with the expert in the respective area. The User is solely responsible for the options he selects.
12.5. Monnos will not be responsible for delays, failures in performance or interruptions in its services that result directly or indirectly from any causes or conditions that are beyond its reasonable control, including, but not limited to, any delay or failure due to occurrence act of God or force majeure, acts of civil or military authorities, acts of terrorism, civil unrest, war, strike or other labor dispute, fire, interruption of telecommunications or Internet services or network provider services, equipment failure and / or software, other catastrophe, or any other event beyond Monnos’ reasonable control.
12.6. The User agrees and declares that he will not use the Monnos Platform to carry out any type of illegal activity or to take any action that adversely affects the performance of the Platform. The User may not engage in any of the following activities through the Platform, nor may he assist third parties in any of the following activities: (1) attempting to gain unauthorized access to the Monnos Platform or another User’s account, (2) making any attempt diversion or circumvent any security features, (3) violate any law, statute, ordinance or regulation, (4) reproduce, duplicate, copy, sell or resell the Monnos Services for any purpose, except as authorized in these Terms, (5) participate in any activity considered abusive, which interferes or interrupts the functionality of the Platform. If the User is blocked by Monnos and cannot access the Platform (including by blocking his IP address), the User agrees not to implement any measures to circumvent such block (for example, by masking his IP address or using an IP address proxy). THE USE OF THE MONNOS PLATFORM IN CONNECTION WITH ANY TRANSACTION INVOLVING ILLEGAL PRODUCTS OR SERVICES IS PROHIBITED.
12.7. Password reset process
Option 1 – LOGGED USER and AWARE OF HIS OWN DATA:
– When the user is logged in, and remembers perfectly all of his current authentication factors such as SMS, EMAIL or TOTP (Google Auth, Authy and others), he can change his password inside the monnos application.
Option 2 – USER NOT LOGGED and FORGOT PASSWORD:
– In cases of forgetting the “PASSWORD” authentication factor, the “forgot password” process can be triggered outside the context of an authenticated user, it will be conducted to introduce its current security factors, in which it can be SMS, EMAIL, TOTP (Google Auth, Authy and others), with several possible combinations, depending on the security level of your account, as this is customizable.
Option 3 – USER LOST PHONE and requests access:
– In the case of a lost or stolen phone, or the impossibility of receiving an SMS factor, the user will be able to access the support and request a temporary removal analysis of the SMS factor, thus automatically activating the EMAIL factor to be able to authenticate in the MONNOS application. , and thus being able to change the password when checking account level 2 (KYC 2). The same user will not be able to change the password outside the authenticated environment.
** this option is only accessible through support and having the “KYC level 2”, otherwise you will not have access, and you may even lose access to the remaining resource in this account.
12.8. Monnos reserves the right to restrict the use of the Platform or to temporarily or permanently suspend the Users account, should any violation of this section occur, without prejudice to other applicable legal measures.
13. Repayment and reversal
Once the transaction has started, speaking of intermediation in the purchase and sale of crypto, as well as in the case of any other functionality available on the Platform, it is not possible to reverse the transaction. Likewise, payments and / or transfers related to such transactions are not redeemable. Therefore, it is not possible to reverse any transaction already started within the Platform, and there is no right of redemption against Monnos.
14. Intellectual Property Rights
Users acknowledge and agree that Monnos is the sole and exclusive holder of all copyright and intellectual property related to the Platform, including the domain name, programming, files, databases, content, design, features and other features, and that such rights are protected by law. The Monnos trade name, the Monnos brand and the products and services associated with that brand are the exclusive property of Monnos and its unauthorized use is subject to the consequences provided by law.
14.2. Users are prohibited from modifying or attempting to modify any functionality of the Platform, producing any derivations of the products and services offered by the Platform, or even accessing any part of the Platform in order to create a competing product or service, or any product or service that contains ideas, characteristics or functions similar to those of the Platform.
14.3. The use of any device, software or other resource that may interfere with the activities and operations of the Platform or that has the objective of improper access to the information or databases of the Platform is also not allowed.
14.5. The Platform may display links to other Internet sites, which does not mean that these sites are owned or operated by Monnos.
14.5.1. Monnos has no control over the content of other sites whose access is facilitated by links inserted in the Monnos Platform, and, therefore, will not be responsible for the content, practices and services offered on these other sites.
15. Final provisions
15.1. If, for any reason, a court of competent jurisdiction finds any provision of these Terms to be invalid or unenforceable, that provision will apply to the maximum permissible extent and the other provisions of these Terms will remain in full force and effect.
15.3. Monnos’ failure to exercise or enforce any right or provision of these Terms will not constitute a waiver of that right or provision.
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1. THE COMPLIANCE PROGRAM
Monnos has an effective Money Laundering and Illicit and Terrorist Financing Prevention Policy (PLDFIT). Monnos’s activities are guided by the content of its PLDFIT Policy, which is always evolving and in line with the characteristics of its market, as well as by legal, normative and ethical imperatives applicable to its activity. In this way, Monnos assures its customers and regulators and other market members the smoothness of its operations.
The PLDFIT Policy is structured to combat the commission of illicit acts, divided into different components that converge for this purpose. Like other entities in the financial system, Monnos values the identification of its clients – which must be kept up to date – in line with recommendations from the Financial Action Task Force (FATF) and Bank for International Settlement (BIS). Indeed, people identified as politically exposed will be treated differently by the Monnos team.
Another pillar of the PLDFIT Policy is the registration and identification of transactions. In a market where transactions take place at significant amounts and speed, the potential for illegal practices cannot be ignored. In this way, Monnos keeps an eye on the financial movements carried out under its supervision – be they between crypto, be it between crypto and fiduciary currencies – always willing to collaborate with competent authorities in case of suspected violation of the law. It is also emphasized that Monnos does not receive cash, thus ensuring transparency and documentation of transactions.
Of equal importance is the preparation of the team. In addition to those directly involved with the compliance industry, everyone must be aware of evidence of wrongdoing and willing to identify and report such behavior to the appropriate industry. The compliance culture is reinforced by everyone on the Monnos team; from its CEO to the newest employee, everyone understands the relevance of the PLDFIT Policy.
Also in this field, the transactions to be carried out at Monnos will respect limits corresponding to the degree of customer documentation. That is: to move higher amounts, Monnos customers must undergo more scrutiny and may have their limit expansion request denied. New documents can be ordered at any time, and collaboration with demands is essential.
These grounds set forth in no way end Monnos’ PLDFIT Policy; Only here is Monnos’ degree of commitment to compliance with the law and appreciation of good faith and transparency.
2. RISK OF THE CRYPTACTIVE MARKET
Cryptoactive are not fiat money. This means that they are not regulated by any central bank or other government entity and, depending on their characteristics, may not have any intrinsic value. The risk of financial loss is a factor to be considered during any operation.
3. RULES APPLICABLE
The legal rules governing the crypto market are still scarce. However, Monnos remains in harmony with legal regulations regulating the traditional financial market. Seeking to mitigate the risks of wrongdoing – financial or otherwise – Monnos has developed its PLDFIT program by following recommendations and laws from different agencies and jurisdictions.
It is noteworthy that Monnos is not a traditional financial institution, which is why, in principle, the rules for companies in this segment are not fully applicable to Monnos. However, understanding that fighting illicit acts is a common goal of all, Monnos is constantly seeking and implementing the dictates that best serve this purpose.
4. UNAIDS COUNTRIES
Because of the risk inherent in its operations with these States, Monnos will not serve resident or headquartered individuals or entities in the following jurisdictions: Afghanistan, Saudi Arabia, Bahamas, Botswana, Cambodia, North Korea, Ethiopia, Ghana, Guam , Guinea-Bissau, Yemen, US Virgin Islands, Iran, Iraq, Lebanon, Libya, Mali, Nigeria, Panama, Pakistan, Puerto Rico, Central African Republic, Democratic Republic of the Congo, Samoa, American Samoa, Serbia, Syria, Somalia , Sri Lanka, Sudan, South Sudan, Trinidad and Tobago, and Tunisia.
In turn, people with connections to Balkan states – Albania, Bosnia and Herzegovina, Bulgaria, Greece, Northern Macedonia, Montenegro, Serbia, Kosovo, Croatia, Romania, and Slovenia -, Belarus, Burundi, Cuba, Nicaragua, Ukraine, Venezuela and Zimbabwe should undergo a differentiated registration procedure.
Finally, regardless of the foregoing jurisdictions, Monnos operations are not available to residents of the United States or China.
5. COOPERATION WITH PUBLIC AUTHORITIES
Monnos values cooperation with public agencies in the fight against corruption, money laundering and terrorist financing. Any authority may contact Monnos to comply with legal, judicial or regulatory requirements through the following channel: email@example.com or firstname.lastname@example.org.
Anyone who becomes aware of unlawful practices that in any way involve Monnos should immediately report to Monnos via internal communication channels, in particular, the following email address: email@example.com.
Anonymous reports are accepted, provided they are corroborated with evidence or evidence that allows the internal team to elucidate the facts.
7. FINAL STATEMENTS
The Money Laundering and Illicit and Terrorist Financing Prevention Policy, in its entirety, is only available to those who have a close relationship with Monnos, due to the need for confidentiality of the compliance measures adopted.
Refusal to provide any documents or information requested by Monnos may lead to termination of the relationship without further explanation.
In the case of the same document with translations in different languages, the Portuguese version will prevail.
Updated on September 9, 2019
Monnos Tokens Purchase And Sale Terms
Last updated: September 11, 2019
If you have any questions, you are advised to consult a professional – financial, legal or any other specialist – for clarification on the token market. If the entire content of this or any other document governing the MNS token or use of the Monnos platform is not in agreement, the Buyer shall refrain from any kind of operation.
The Token Market has specific risks such as market risks, hacking, vulnerability, volatility, loss of private-key, regulatory risks, bankruptcy or dissolution, among others, provided for herein, but not limited to the list presented here. Carefully read this document and all other documents governing your relationship with Monnos, as well as seek information, with the help of professionals in the field, about all risks involved in any decision in this market.
Therefore, before engaging in any purchase or sale of crypto-assets, make sure that you understand and have experience with cryptocurrencies, blockchain systems and services, and understand the risks associated with digital token trading, as well as the mechanism related to the use of cryptocurrencies
Offering and using the MNS token, as well as the Monnos platform, is not available in all jurisdictions. Before proceeding with the purchase of tokens, you should check their availability in (s) jurisdiction (s) to (s) which (is) is subject to the Purchaser.
The site monnos.com or monnos.com.br, the Monnos app for Android and iOS devices and the offer to purchase the Monnos tokens (aka “MNS” tokens) are operated by the company Kryeg Soluções Digitais EIRELI (Monnos Soluções Digitais) (CNPJ. 31.238.023/0001-62), headquartered at R. Florida, 90, Sl 62 – Brooklyn – São Paulo – SP – Brasil – ZIP 04.565.000 (“Monnos” or “Company”).
MNS tokens are not securities and their sale are subject to the terms set forth herein. The funds raised are intended for the development and improvement of the services provided by the Company.
The following terms make up the Tokens Monnos Purchase and Sale Agreement – MNS, which is entered into between Monnos and the Purchaser, an individual party to this agreement, by mutual agreement, in good faith and accordance with the laws of Switzerland.
Monnos, a technology company based in São Paulo, Brazil, is the rightful owner of MNS tokens and develops a platform where MNS tokens can be used as a payment instrument or as a means of accessing a variety of features;
The buyer intends to purchase Monnos MNS tokens;
Buyer and Company agree to the terms of the Agreement governing the purchase and sale of such tokens and agree to abide by the entire contents of the Agreement.
The parties agree to buy and sell as follows:
2.1. For this Agreement, the following definitions are relevant:
a. “Contract”: Term of Purchase and Sale of Monnos Tokens – MNS;
b. “Buyer” or “Party” means a contracting individual;
c. “Monnos” or “Company”: Monnos;
d. “Monnos Platform”: Website and Apps for Android and iOS that give access to Monnos virtual environments;
e. “Parties”: Monnos and Buyer, parties to this contract;
f. “Token”: computational resources created for a particular purpose.
g. “Token MNS”: Token built on the technical standard of smart contracts ERC-20 with utility within the Monnos Platform.
h. “Utility tokens”: tokens whose purpose is to provide digital access to an application or service through blockchain-based framework;
i. “Payment tokens “: also known as cryptocurrencies, they are tokens whose purpose, present or future, is to be used as a payment method for the purchase of goods or services or as a means of transferring money or valuables;
j. “Security tokens” or “Asset tokens”: investment-oriented tokens, due to their expected appreciation, dividend distribution, ownership interest in the issuing company or other similar feature;
k. “Hybrid Token”: Token that combines features of more than one: utility, security and payment;
l. “Exchange (s)”: platforms that allow the exchange of crypto-assets and the initial launch of new tokens to the market;
m. “United States of America”: the United States of America, its territories and possessions;
n. “US Person”: Any person from the Un`ited States of America pursuant to item 1 above , citizens, permanent residents and/or companies established and incorporated under United States law or any person recognized as “US Person” pursuant to Rule 902 (K) 1), Regulation ‘S’, United States of America.
3.1. Monnos is a Brazilian company, based in São Paulo, whose main activity is the economic exploration of a buy-and-sell crypto platform and which for a specific period initially sells MNS tokens to achieve its business objectives: the development of a secure and affordable crypto trading platform. Monnos is not a bank, does not make loans, nor is it a financial advisor. Monnos does not and will not provide financial advice, including, but not limited to, purchasing or using the MNS token.
3.2. The main purpose of Monnos is to empower crypto users in seizing opportunities in this market, providing conditions so that they can know and execute trades in this segment with ease and agility.
3.3. To achieve this goal, Monnos has developed a user-friendly platform to bring its users closer to the crypto market. Through the Monnos platform, users will be able to maintain, transact and manage their tokens.
3.4. As a result of its activities, Monnos has developed the Monnos (MNS) hybrid token, combining utility token and payment token aspects. MNS tokens are neither securities nor configured as security tokens or any other financial instrument.
4.1. The Buyer declares, for all legal purposes and under the penalty of law, to be of age in (s) jurisdiction (s) to (s) which (is) is subject. It also declares that it has the full civil capacity.
5. TOKEN MNS LEGAL STATUS AND CHARACTERISTICS
5.1. The MNS token, as defined in the White Paper, does not constitute security in the jurisdictions in which it is offered, in particular, Swiss and Brazilian law, nor does it conform to the concept of security within the framework of European Union law. Nor does the MNS token represent similar or related rights to shares, debentures, commercial papers, derivatives or any other financial instrument and is essentially a utility token.
5.2. Indeed, the possession of MNS tokens does not entitle its holder to any right or equivalent to the distribution of profits and the receipt of dividends, future profits, participation in decisions, or any other rights associated with securities, under the Company and/or any of its affiliates, subsidiaries or associated companies. Neither does the MNS token grant its holder any express or implied right, other than those set forth in the White Paper, or any form of participation, assets, properties, intellectual property rights, trademark and/or any other form of participation in the Company, and/or any of its affiliates, subsidiaries or associated companies.
5.3. Token Monnos is implemented by the ERC-20 technical standard in Smarts Contracts on the Ethereum Blockchain.
6. MNS TOKENS TRANSFER
6.1. Monnos will offer its tokens through Exchanges in addition to the platform itself. Therefore, to purchase the tokens, the Buyer must issue a purchase order in one of the Exchanges options. At the time the order is placed, the transfer of the token amount signaled by the Purchaser is carried out, while the transfer of the respective traded exchange value is also executed.
6.2. Monnos is not responsible for any errors in the provision of services by Exchange partners, and the Buyer must access the relevant documents governing the relationship of these Exchanges with their consumers.
6.3. The token price will follow the values and parameters set out in the introduction.
6.4. After the purchase of MNS Tokens, there may be a pre-defined lockout period according to the time of purchase (Seed, Private Round, Airdrop or IEO). After this period the MNS Token buyer is fully responsible for the total MNS tokens received, and may not claim from Monnos any compensatory amount, whether in tokens, fiat currency or any other good the value of which is deemed to be due to loss of encrypted private password or other reason resulting from carelessness, due diligence and/or for any other reason, and ownership of the MNS tokens has been transferred.
6.5. The transfer of MNS tokens does not correspond to the transfer of any rights to the Company according to item 5.
6.7. Monnos also offers its tokens directly, without intermediaries, for a limited period on the Platform, in exchange for Bitcoins, Ethereum, Tether or Brazilian Reais (BRL). The Buyer chooses to participate in the limited offer, expressing his will, in a specific section in the Monnos Platform. The effective transfer of the digital currency or Brazilian reais for the informed crypto address or Bank Account, and to the specific section inside the platform designed to stakeholders, generates the obligation of Monnos future transfer of MNS Tokens to the Monnos wallet of the respective Buyer.
Bank Details – Name: Kryeg Soluções Digitais EIRELI (CNPJ. 31 .238.023/0001-62)
Banco INTER (077) – Ag. 0001 – Account. 26.808.18-8
7. TAX LIABILITY
7.1. The Buyer is solely responsible for collecting the taxes levied in his country because of the acquisition, ownership, use or material modification of the market price of the MNS token, whether valuation or devaluation, and/or informing the tax authority of its home country with information that may be legally imposed on it.
8.1. Any content from the White Paper, site http://monnos.com, of media promotions – including in social media such as Facebook, Twitter, LinkedIn, among others – of any press release in any article on or by Monnos, and any other disclosure, do not bind Monnos to its contents – which may be modified at any time, unless expressly provided otherwise in this Agreement.
8.2. Buyer hereby acknowledges that possession of MNS tokens does not entitle Buyer to the development of the Monnos platform and MNS token, nor does it give it any power over the execution and direction of Company activities.
9.1. The acquisition, possession and/or use of Monnos Token are associated with significant risks. The Buyer, by accepting this Agreement and carrying out the tradition, with the effective purchase of MNS Tokens, declares itself aware and assumes the risks involved in the transaction.
9.2. By purchasing, owning or using the Monnos Tokens, the Buyer expressly acknowledges and assumes the following risks outlined in the White Paper and provided herein:
a. Market Risk: The market price of cryptocurrencies, digital tokens, and other crypto-assets can be extremely volatile. Holders of Monnos Tokens must bear the risk of significant variations in the market price of Monnos Tokens, in addition to the possibility of a loss of capital.
b. Hacking Risk: The risk of hacking groups and organizations can intrude and is inherent in the technology market.
c. Vulnerability Risk: There is a risk that Monnos Tokens could inadvertently include weaknesses or errors in the source code, interfering with usage and causing some form of loss.
d. Private Key Risk: Considering the risk of hacking, and considering that the Monnos model, like most global exchanges, does not provide a private key for each user, it may be interesting to consider storing it in some cold or hot wallet to the user’s preference.
e. Regulatory Risks: While some jurisdictions are liberal in regulating tokens, cryptocurrencies, and other applications of blockchain technology, laws and regulations can be rapidly changed. Also, the treatment of laws and regulations varies significantly across jurisdictions and is subject to significant uncertainties. Therefore, the lack of guarantee of regulatory stability of the crypto implies that any modification may impact the usefulness or value of the Monnos Tokens and, ultimately, render the Monnos project unviable.
f. Bankruptcy or Dissolution Risk: Issuer’s insolvency may impede the viability of the Monnos project, which may undermine the usefulness and value of the Monnos Token and does NOT entitle you to any type of indemnity.
9.3. Buyer understands that the risks inherent in the operation and use of the MNS Token are contingent, not foreseeable by Monnos, assuming at the time of tradition all risks inherent in the operation outlined in this section. Accordingly, Monnos cannot be held liable if any of the risks listed here materialize.
10.1. The Buyer shall indemnify Monnos, its employees, former employees, directors, consultants, suppliers, subsidiaries, affiliates, agents, national and international representatives or any other individual or legal agent acting lawfully on behalf of the Company until limit permitted by law, on or against any claims, material and moral damages (e.g., image damage), losses, regulatory demands, disputes, including, but not limited to, fee and/or legal expenses and/or any other liability and damage caused as a result of failure to comply with this Agreement or other documents governing Monnos’s relationship with the Buyer.
11. INTELLECTUAL PROPERTY
11.1. MNS tokens are cryptographic software protected by intellectual property and copyright laws.
11.2. The Monnos platform, the Monnos brand, and any other symbols, signs, emblems, images, phrases or intellectual creations enjoy equal legal protection.
11.3. Any infringement of Monnos intellectual property will be promptly assessed by the Company and appropriate action will be taken under applicable law. If Monnos deems it appropriate, it may immediately remove or prevent access to the infringing material, as well as prevent access to its platform by those who have infringed.
11.4. If, in any event, Monnos becomes aware of the presence on its platform of material that violates the rights of third parties, it is hereby reserved the right to remove it at any time without prior notice.
12. KYC AND AML PROCEDURES
12.1. The Buyer hereby acknowledges that Monnos maintains a Money Laundering and Illicit Financing and Terrorism Prevention Policy. As a result of such a program, the Buyer understands that, throughout its relationship with the Company, it may request documents to verify the legitimacy of the transactions. The Buyer understands that the Company may outsource the compliance procedure, in whole or in part; such outsourcing, however, does not affect the Purchaser’s duties, which shall cooperate with either Monnos or its contractor.
12.2. The buyer hereby acknowledges that it shall keep its registration data updated. The data provided and documents sent by the Customer are the sole responsibility of the customer, and may refuse to provide service and subsequent referral to the competent authorities if omission, forgery, fraud or other conduct of bad faith is suspected, at which time the fault and liability for any loss or loss of profit rests solely with the Buyer.
12.3. The Buyer hereby acknowledges that failure to cooperate with Company requests or to create obstacles to its fulfillment may result in termination of the relationship, at which time the fault and liability for any loss or loss of profit are solely Buyer’s.
12.4. The Buyer hereby acknowledges that Monnos will keep a record of all transactions that occur on its platform, and the Company may share data with competent authorities on suspicion of wrongdoing as defined by the applicable law of each jurisdiction.
12.5. The Buyer recognizes its role in combating the commission of illicit acts, committing itself to observe the law applicable to its transactions, being guided by the dictates of ethics and good faith. Accordingly, if you observe conduct that is incompatible with these principles, you understand that you have to report this to Monnos and the competent authorities.
12.6. The Buyer undertakes to report its status as a Politically Exposed Person to Monnos if it has one. Also, the Purchaser has to refrain from negotiating with Monnos if it finds itself in one of the jurisdictions not served by Monnos.
12.7. The Buyer declares that it is aware of its responsibilities and that failure to do so may result in termination of the relationship with Company, at which time the fault and liability for any loss or loss of profits are solely Buyer’s.
13.1. The Buyer agrees that any information or data it has acquired, acquires or will acquire about Monnos, its products or services, including, but not limited to, pricing, the content of this Agreement or any other documents, conditions, obligations, technologies, representations, and warranties shall be kept confidential.
13.2. The Buyer agrees to take all necessary and reasonable measures to protect such information and data and not to share it with third parties without Monnos’ express consent or as required by law.
13.3. The obligation of confidentiality will cease if (i) the information and data becomes part of the public domain due to Monnos disclosure or negligence; ( ii ) the information was obtained legally and independently; ( iii ) third party legally shares information with the Buyer, without restriction of content; ( iv ) the information or data is independently developed; or (v) there is a legal or judicial order to do so, at which time the Buyer shall inform Monnos of such an occurrence as soon as possible, always following ethics and good faith.
Monnos does not offer its tokens for sale in jurisdictions where it is not allowed and/or specific licenses are required for the public offering, acquisition, transfer and/or use of tokens, regardless of their classification, or any other restricted activity. Monnos also does not offer its tokens to persons whose jurisdiction requests specific permission for the offer to occur and/or prohibits the use of crypto-assets or related activities performed by its citizens.
14.1. Buyers agree that if the requirements listed in this section are not met, Monnos will block and/or restrict their access to the Monnos Platform or the possible purchase and/or use of MNS tokens.
14.2. TOKEN MNS IS NOT OFFERED TO ANYONE FROM THE UNITED STATES OF AMERICA, WHAT IS ANY CITIZEN OF THE UNITED STATES, ITS TERRITORIES OR POSSIBILITIES, PERMANENT RESIDENTS OF THE UNITED STATES, WHICH HAVE BEEN EMPLOYED BY, IN ACCORDANCE WITH UNITED STATES LAW OR ANY PERSON RECOGNIZED AS ‘US PERSON’ UNDER US RULE 902 (K) (1) REGULATION ‘S’. MNS TOKENS ARE NOT REGISTERED IN THE SECURITIES AND EXCHANGE COMMISSION OF THE UNITED STATES OF AMERICA (SEC) AND IS NOT REGULATED BY US SECURITIES ACT OF 1933 AND ITS AMENDMENTS. US PERSON ARE SUBJECT TO COMPLIANCE WITH CRIMINAL, FRAUD, AND REGULATORY MEASURES. MNS TOKENS PURCHASER STATES AND WARRANTIES THAT IT IS NOT A US PERSON OR PARTICIPATES IN THE OFFER REPRESENTING A US PERSON. ANY DAMAGE FOR NON-OBSERVATION OF THIS ITEM WILL GIVE YOU TO INDEMNIFY MONNOS FOR ANY MATERIAL OR MATERIAL ORDER DAMAGE EVENTUALLY SUFFERED BY THE COMPANY.
15. APPLICABLE LEGISLATION AND JURISDICTION
15.1. This contract will be governed by Brazilian laws and any dispute, controversy or claim between the Parties shall be resolved by the Chamber of Conciliation, Mediation, and Arbitration CIESP/FIESP and per under its Rules of Arbitration, by one (01) sole Arbitrator, appointed according to that Regulation. The arbitration will be held in the city of São Paulo, State of São Paulo. The Parties elect the District Court of São Paulo, State of São Paulo, for the eventual execution of the arbitration award or its questioning, expressly waiving any other, however privileged it may be.
15.2. The parties elect conciliation as a prior and compulsory means of settlement for disputes that may arise between them arising from or related to this contractual relationship, including those concerning the interpretation, validity, effectiveness, execution and any form of termination of this contract. or related documents. The conciliation period shall not be less than sixty days.
16. AUTONOMY OF CLAUSES
16.1. If any segment or provision of this Agreement is held invalid or unenforceable by any Court of Justice or other governmental or administrative authority having jurisdiction, the remaining provisions will not be affected and remain valid until a declaration to the contrary.
16.2. The gap left by the provision declared invalid or unenforceable shall be filled by a legally appropriate equivalent provision, considering the intention of the parties to enter into this Agreement. The same method shall apply if a gap or omission is identified under this Agreement.
17.1. Monnos ‘tolerance for failure to comply with any term of this Agreement or related documents does not imply novation or waiver of Monnos’ right to enforce it, which may do so at any time, under the penalties provided for in this Agreement or applicable law.
18. AGREEMENT TERM
18.1. This Agreement has an indefinite term.
18.2. This Agreement may be terminated without notice in the following circumstances:
a. The Buyer’s failure to comply with its terms;
b. The Buyer’s failure to cooperate with the Company when requested to do so;
c. act of God or force majeure;
d. bankruptcy, judicial reorganization, insolvency or liquidation of any of the Parties or even if there is a split, dissolution or amendment of the parties, to impair their technical capacity.
18.3. Termination of the agreement in no way alters the intellectual property protected by it or the Buyer’s duty of confidentiality.
18.4. Termination shall not preclude the obligation and enforceability of obligations which, due to their nature, survive such engagement, especially as regards the provisions on confidentiality, intellectual property, and civil liability.
Monnos offers the following contact channels: firstname.lastname@example.org and chat.